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Commission approves in‑kind plaza at 1 Oak in exchange for nearly $2.18 million fee waiver
Summary
The commission approved an in‑kind agreement for Oak Plaza (corner of Oak and Venice/Van Ness) allowing the 1 Oak sponsor to provide a public plaza and micro‑kiosks in exchange for an impact‑fee waiver of roughly $2.18 million; the waiver carries binding obligations and maintenance covenants.
The Planning Commission approved an in‑kind agreement allowing Build Inc. (1 Oak project) to construct Oak Plaza — a public plaza with four micro retail kiosks, trees, lighting and programming — in exchange for a waiver of Market‑Octavia infrastructure impact fees amounting to roughly $2,180,893.
Lily Langlois of the Planning Department…
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